Top in the S&P500 ?
It appears that wave ((b)) of 4 may be complete and that there is further downside to go in order to complete the wave 4 at a larger degree. In our opinion, this was always a bear market rally, and that there are significant fundamental problems with the economy that are about to be apparent to the market and that this wave ((b)) of 4 has extended itself to a pretty deep level. If this is the top, a potential first significant piece of news that would have changed investors' out look is the AAPL production delays; this is significant as they are the largest part of the S&P at the moment.
A longer time frame target? Mid-end 2024? Looking at around 3400-3200.
A longer time frame target? Mid-end 2024? Looking at around 3400-3200.
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